Sei Investments Co. cut its holdings in shares of Education Realty Trust, Inc. (NYSE:EDR) by 9.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,549 shares of the real estate investment trust’s stock after selling 1,932 shares during the quarter. Sei Investments Co.’s holdings in Education Realty Trust were worth $769,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN lifted its holdings in Education Realty Trust by 12.5% in the 1st quarter. Wells Fargo & Company MN now owns 179,091 shares of the real estate investment trust’s stock valued at $5,865,000 after purchasing an additional 19,954 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Education Realty Trust by 8.5% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,667 shares of the real estate investment trust’s stock valued at $2,413,000 after purchasing an additional 5,765 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Education Realty Trust by 33.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,770 shares of the real estate investment trust’s stock valued at $254,000 after purchasing an additional 1,952 shares in the last quarter. Swiss National Bank lifted its holdings in Education Realty Trust by 5.7% in the 1st quarter. Swiss National Bank now owns 131,796 shares of the real estate investment trust’s stock valued at $4,316,000 after purchasing an additional 7,100 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Education Realty Trust by 8.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 917,764 shares of the real estate investment trust’s stock valued at $30,057,000 after purchasing an additional 70,603 shares in the last quarter.

NYSE EDR opened at $41.46 on Friday. Education Realty Trust, Inc. has a 52 week low of $30.07 and a 52 week high of $43.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market cap of $3.34 billion, a PE ratio of 21.82 and a beta of 0.40.

A number of brokerages have weighed in on EDR. ValuEngine lowered Education Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 22nd. Evercore ISI lowered Education Realty Trust from an “outperform” rating to an “in-line” rating and reduced their price target for the stock from $42.00 to $41.50 in a report on Monday, June 25th. Goldman Sachs Group reiterated a “neutral” rating on shares of Education Realty Trust in a report on Thursday, May 31st. Sandler O’Neill upgraded Education Realty Trust from a “sell” rating to a “hold” rating and set a $42.00 price target on the stock in a report on Monday, July 30th. Finally, Robert W. Baird lifted their price target on Education Realty Trust from $36.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, June 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $41.93.

Education Realty Trust Company Profile

A leader in the collegiate housing industry since 1964, EdR is one of the largest developers, owners and managers of high-quality collegiate housing communities. EdR is a self-administered and self-managed real estate investment trust (REIT) publicly traded on the New York Stock Exchange (NYSE: EDR).

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Institutional Ownership by Quarter for Education Realty Trust (NYSE:EDR)

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